"It's Coming Apart At The Seams" - US Equities Plunge As Deutsche-Lehman Analog Looms

Submitted by Tyler Durden on 04/07/2016 - 10:39
European and US banks are tumbling as despite Dimon's bottom and the coordinated ease-fest of the world's central banks, investors prefer to sell a multi-trillion dollar opaque hole of derivatives debacle-ness than buy it. As one veteran trader put it, the central banks' plans "are coming apart at the seams."

Mainstream Media Explains Why You Should Buy Stocks

Submitted by Tyler Durden on 04/07/2016 - 11:55
 

JPM, ECB Hint At Arrival Of "Helicopter Money" In Europe Following Next "Significant Downturn"

Submitted by Tyler Durden on 04/07/2016 - 11:27 It seems that the final monetary frontier is about to be crossed, first in Europe, where as JPM says, "Helicopter money should be viewed as the combination of a fiscal expansion and an expanded QE program. As such, it is possible to imagine helicopter money in the Euro area in the event of a significant downturn" Increasingly more ECB members agree...

Trump Unbound

Submitted by Tyler Durden on 04/07/2016 - 11:03 At the end of the day, Trump has petrified the Wall-Street Washington establishment for good reason. He loudly rejects the War Party consensus on foreign intervention. And he has tapped into a deep vein of main street alienation from the phony recovery and economic fixes promulgated by the Fed and its beltway henchman.

Days After Iceland's PM Resigns Over "Panama Papers", Its Bankers Are Released From Jail Years Early

Submitted by Tyler Durden on 04/07/2016 - 10:26 Three bankers from the defunct Iceland bank Kaupthing are to be released from jail today – after serving just one year of their 5-year sentences. This happens two days after Iceland's Prime Minister  has resigned. Magnús Guðmundsson, Ólafur Ólafsson and Sigurður Einarsson were one of four men jailed in 2015 in the so-called ‘Al-Thani case’ on charges of breach of trust and market abuse. Case closed.

Deutsche Bank Is Crashing Again As European Banks Slide To Crisis Lows

Submitted by Tyler Durden on 04/07/2016 - 10:00 As of this moment, various European banks but most prominently Deutsche Bank as well as Credit Suisse and RBS, have been crashing back to lows hit in early February and then all the way back to the March 2009 "the world is ending" lows. The problem is that now that global central banks are more focused on appeasing China and keeping the USD weaker (by way of a dovish, non-data dependent Fed), the pain for Europe (and Japan), and their currencies, and their banking sector, will likely only get worse. This is precisely the case proposed by Francesco Filia of Fasanara Capital, who explains below his "Short European Bank Thesis."

Ex-Obama General Defects, Reveals Sick Obama Plan For America’s Future

from The Sleuth Journal:

One of the many former Generals to come out against Obama in recent years and accuse him of outright treason is at it again, this time levying some heavy criticism on O’Bummer’s worthless foreign policy, and he’s not the only one with a lot to say. In an earlier post this week titled, Congressman Calls Out Defense Secretary: “You Are In Violation of the Law,” Rep. Mac Thornberry (R-Texas), chairman of the House Armed Services Committee, hammered a stammering Defense Secretary Carter over the Obama administration’s failure to provide a strategy for dealing with the Middle East and countering violent extremism that should have been turned in no later than February 15, 2016. Congressman Thornberry had the following to say:
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The Daesh Chronicles: The “We-Told-You-So” Story

from The Saker:

When the so-called “Arab Spring” took off, Saif Al-Islam Gaddafi, son of Muammar Gaddafi, made a televised speech to Libyans warning them, and the world, of what would happen should the central government in Tripoli fall apart.
His predictions included that Al-Qaeda would come in and Libya would be partitioned into at least three states. Apart from being unable to predict that the resurrected Al-Qaeda was going to rename itself as Daesh, he was accurate in every detail. But the West did not listen.
Gaddafi himself warned the EU that should his government be toppled, the EU would end up getting inundated with Jihadists. . “If I go down, Europe will go down” he said, but the West did not listen again.
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Warren Buffett is a Hypocrite

by Jimmy Mengel, Outsider Club:

Sometimes I think Warren Buffett is a joke…
Well, that isn’t quite fair, I think he’s the punchline to a joke. The zinger I usually tell amongst other stuffy investor-types goes something like this:
“Warren Buffett is actually a seven-year-old in disguise. All he does is invest in candy, ice cream, and trains…”
Maybe you have to be there (my delivery is impeccable), but it points to one of Buffet’s greatest strengths: the ability to invest in undervalued, niche markets. But, as they say, there’s some truth in every joke. For those less familiar with Uncle Buffett’s Berkshire Hathaway holdings, some of the major deals include See’s Candies, Dairy Queen, and BNSF Railway.
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Bernie Sanders: If You Ignore What You Hear on Corporate Media

from Reader Supported News:
AS I sat and watched John King at the CNN big board last night showing us how Bernie would fall short if he won 55-45 in the rest of states, I was disgusted. If John King instead showed what would happen if Sanders won 57-43 (which he did in Wisconsin) in the rest of the states you would have seen Bernie’s line pass Hillary’s. The other networks were no better, MSNBC was showing the delegate count with the super delegates, Chris Matthews was calling the race all but over as he bashed Sanders’ spending on things that would benefit the people.
Bernie Sanders had just soundly defeated Hillary Clinton in Wisconsin, for his 7th victory in the last 8 races. Bernie will get over 70% in the next contest this Saturday in Wyoming. The media couldn’t bring themselves to just report Sanders’ success – they had to tell us why it wasn’t real. It has been this way the whole election. There is always a “but” after any praise of Bernie. So it wasn’t a surprise that while speaking on the cable news networks to his supporters in Wyoming Sanders told people to ignore what they hear on corporate media.
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BREAKING: IT WAS DELIBERATE! Yellowstone Public Seismographs Taken OFF-line – WAIT ‘TIL YOU SEE WHY.

from Superstation 95:
The seismographs monitoring earthquakes around the Yellowstone super-volcano have been deliberately taken OFFLINE from public view.  This is a confirmed deliberate act and will stay this way  so the public is not able to see seismic activity there.  (This story has been UPDATED as of 10:14 AM EDT on April 6, 2016)
Being able to see what is taking place in and around Yellowstone is of great interest to many people because if there is a sudden flurry of earthquake activity, it COULD — but not necessarily — signal a pending eruption.
Since Yellowstone is the only “super volcano” on the North American continent, and is VERY geologically active, if an eruption were to actually take place, the western two-thirds of the United States would POTENTIALLY be hit with volcanic ash and a severe disruption of life.
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KKR’s Chilling Message about the “End of the Credit Cycle”

from Wolf Street:
“Opportunities in Distressed Assets” as current investors get crushed
After seven years of “emergency” monetary policies that allowed companies to borrow cheaply even if they didn’t have the cash flow to service their debts, other than by borrowing even more, has created the beginnings of a tsunami of defaults.
The number of corporate defaults in the fourth quarter 2015 was the fifth highest on record. Three of the other four quarters were in 2009, during the Financial Crisis.
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Japan Prints Additional ¥10,000 Bills As People Scramble To Stash Away Cash

Submitted by Tyler Durden on 04/07/2016 - 09:38 Call it the total failure of Japan's monetary policy: Japan's Finance Ministry plans to increase the number of ¥10,000 bills in circulation, amid signs that more people are hoarding cash. It will print 1.23 billion such notes in fiscal 2016, 180 million more than a year earlier. The number of ¥10,000 bills issued annually leveled off at around 1.05 billion in the fiscal years from 2011 to 2015. The reason: the total amount of cash stashed at home is estimated to have surged by nearly ¥5 trillion to some ¥40 trillion in the past year, Hideo Kumano, chief economist at Dai-ichi Life Research Institute, said.





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